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Leaked: Japan’s mega-pension fund plows into stocks, eats $50 billion loss, tries to hide it until after the election

JULY 6, 2016 | by Wolf Richter | WOLF STREET

By Wolf Richter, includes "..."We’re seeing a serious situation where pensions could be cut in the future," he said. "I’m also worried about GPIF’s huge presence in the stock market. As a free-market economy, it’s undesirable to have a situation where the government could influence stock moves," he said, having apparently forgotten for a moment that the BOJ is already buying stocks to "influence" them..."

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